Calian's FY 2024 Results: A Webcast to Watch

Calian Group Ltd. (TSX:CGY), a diverse products and services company, is set to hold a video webcast on Tuesday, November 26, 2024, to discuss its fourth quarter and full-year 2024 results. The webcast, scheduled for 8:30 a.m. Eastern Time, comes amidst a period of significant growth and strategic acquisitions for the company.

Calian's nuclear and environmental services division has been a key driver of its growth in recent quarters. In the fourth quarter of FY 2024, the division secured 19 new contracts, representing a 58% increase over the third quarter. This growth can be attributed to the successful integration of MDA's nuclear assets, acquired in March 2024, and strong organic growth. The new contracts span major new nuclear projects in Ontario, Saskatchewan, and New Brunswick, supporting life-extension programs and next-generation technologies like small modular reactors (SMRs).



The integration of MDA's nuclear assets has allowed Calian to capitalize on increased synergies, enhancing its capacity to deliver comprehensive, end-to-end solutions for Canada's growing nuclear sector. The division's workforce has doubled to meet the growing demand for FY 2025, further strengthening Calian's position as a leader in nuclear services.

Calian's overall financial performance has also shown improvement. In the six months ended March 31, 2023, the company's revenue grew by 16% year-over-year, while adjusted EBITDA margin decreased slightly to 9.8%. Despite this, operating free cash flow remained stable at CAD 22.9 million. As Calian reports its fourth quarter and FY 2024 results, investors will be eager to see how these key financial metrics have evolved.



Investors and industry observers will be closely watching Calian's webcast to gain insights into the company's performance, growth prospects, and strategic initiatives. The webcast, which can be accessed via the Calian website or the following URL, , is an opportunity for Calian to update stakeholders on its progress and provide guidance for the coming year.

In conclusion, Calian's FY 2024 results webcast is a must-watch event for investors and industry observers. The company's strong performance in its nuclear and environmental services division, coupled with its strategic acquisitions and overall financial growth, make it an exciting time for Calian and its stakeholders. As the global nuclear energy market continues to grow, Calian is well-positioned to capitalize on emerging opportunities and solidify its market position.